SCOTTSDALE, Ariz.--(BUSINESS WIRE)--
The Board of Directors of Carlisle Companies Incorporated (NYSE:CSL) has
authorized Carlisle to repurchase an additional 4.1 million shares,
increasing Carlisle’s authorization to approximately 5.0 million shares.
The shares will be repurchased at management’s direction from time to
time in the open market at prevailing market prices, in privately
negotiated transactions or through block trades. The timing and amount
of repurchases will depend on the market price of Carlisle’s common
stock, general market conditions, applicable legal requirements and
other corporate developments.
D. Christian “Chris” Koch, Carlisle’s President and Chief Executive
Officer, commented, “In addition to our 17% dividend increase announced
in August, we are pleased to continue our share repurchase program as an
important part of our strategy to deliver value to shareholders.”
Forward-Looking Statements
This press release contains forward-looking statements within the
meaning of the Private Securities Litigation Reform Act of 1995. Forward-looking
statements generally use words such as “expect,” “foresee,”
“anticipate,” “believe,” “project,” “should,” “estimate,” “will,”
“plans,” “forecast,” and similar expressions, and reflect our
expectations concerning the future. It is possible that our
future performance may differ materially from current expectations
expressed in these forward-looking statements, due to a variety of
factors such as: increasing price and product/service competition by
foreign and domestic competitors, including new entrants; technological
developments and changes; the ability to continue to introduce
competitive new products and services on a timely, cost-effective basis;
our mix of products/services; increases in raw material costs which
cannot be recovered in product pricing; domestic and foreign
governmental and public policy changes including environmental and
industry regulations; threats associated with and efforts to combat
terrorism; protection and validity of patent and other intellectual
property rights; the successful integration and identification of our
strategic acquisitions; the cyclical nature of our businesses; and the
outcome of pending and future litigation and governmental proceedings.
In addition, such statements could be affected by general industry and
market conditions and growth rates, the condition of the financial and
credit markets, and general domestic and international economic
conditions including interest rate and currency exchange rate
fluctuations. Further, any conflict in the international arena
may adversely affect general market conditions and our future
performance. We refer you to the documents we file from time to
time with the Securities and Exchange Commission, such as our reports on
Form 10-K, Form 10-Q and Form 8-K, for a discussion of these and other
risks and uncertainties that could cause our actual results to differ
materially from our current expectations and from the forward-looking
statements contained in this press release. We undertake no
obligation to update any forward-looking statement.
About Carlisle Companies Incorporated
Carlisle Companies Incorporated is a global diversified company that
designs, manufactures and markets a wide range of products that serve a
broad range of niche markets including commercial roofing, energy,
agriculture, mining, construction, aerospace and defense electronics,
medical technology, foodservice, healthcare, sanitary maintenance,
transportation, auto refinishing, general industrial, protective
coating, wood and specialty. Through our group of decentralized
operating companies led by entrepreneurial management teams, we bring
innovative product solutions to solve the challenges facing our
customers. Our worldwide team of employees, who generated $3.5 billion
in net sales in 2015, is focused on continuously improving the value of
the Carlisle brand by developing the best products, ensuring the highest
quality and providing unequaled customer service in the many industries
we serve. Learn more about Carlisle at www.carlisle.com.
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Source: Carlisle Companies Incorporated